DAX 30: formation is negative, a break below 9445 – sell

DAX 30: mixed signals higher peak 4 hours, but in the middle of the previous bearish bar – formation is negative.

Break below 9445 will means preponderance of sellers and possible new bearish momentum. It is here we will have a new sell signal

Correction is effective, it is very likely to see fall to support the diagonal triangle.

Speculative market situation is enhanced, which may result in abrupt transitions of the indices. Risks in the market in January are much, which supports our expectations for a decline. However, new sell positions only after breaking the index below 9445 points.

 Varchev Traders

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